madtony
18年前
extended to Dec. 8
Services Acquisition Corp. International Sets Shareholder Meeting Date and Announces Mailing of Proxies to Shareholders of Record
Wednesday November 8, 12:53 pm ET
SACI and Jamba Extend Merger Termination Date
CHARLOTTE, N.C.--(BUSINESS WIRE)--Services Acquisition Corp. International (AMEX:SVI; AMEX:SVI.U; AMEX:SVI.WT; "SACI") has announced a shareholder meeting to vote on the proposed merger between SACI and Jamba Juice Company to be held on November 28, 2006 at 10:00 a.m. at the offices of its counsel, Mintz Levin. Proxy materials are being mailed to shareholders who were holders of record as of October 24, 2006.
In order to facilitate the time needed for proxy distribution and shareholder notice, as well as to consummate the acquisition if shareholder approval is received, SACI and Jamba Juice Company jointly announced that they have extended the date upon which either party may terminate the merger agreement between them to December 8, 2006, from November 17, 2006.
Investors in its private placement financings have also approved extending their commitment date to December 8, 2006 from November 17, 2006.
Steve Berrard and Paul Clayton, the Chief Executive Officers of SACI and Jamba Juice Company, respectively, jointly commented that, "We have worked very hard to complete this transaction and now, more than ever, are very excited about the potential and opportunities for the combined company. We look forward to building a great company and brand."
About SACI
SACI is a blank check company that was formed for the specific purpose of consummating a business combination. SVI raised net proceeds of approximately $127 million through its initial public offering consummated in July 2005 and prior to the merger agreement with Jamba Juice Company had dedicated its time to seeking and evaluating business combination opportunities. The management of SACI includes former executives from organizations such as Blockbuster Entertainment Group, AutoNation and Boca Resorts.
About Jamba Juice Company
Jamba Juice Company is the category-defining leader in healthy blended beverages, juices, and good-for-you snacks. Founded in 1990 in California, today Jamba Juice Company has more than 565 company and franchised stores in 23 states nationwide with 9,000 employees. For the nearest location or a complete menu including new All Fruit Smoothies, please call: 1-866-4R-FRUIT or visit the website at http://www.jambajuice.com
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about SACI, Jamba Juice Company and the proposed merger. Forward looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of SACI's and Jamba Juice Company's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the failure of SACI's stockholders to approve the plan and agreement of merger and the transactions contemplated thereby; the number and percentage of SACI stockholders voting against the proposed merger; changing interpretations of generally accepted accounting principles; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which Jamba Juice Company is engaged; demand for the products and services that Jamba Juice Company provides, general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks detailed in SACI's filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Neither SACI nor Jamba Juice Company assumes any obligation to update the information contained in this press release.
Additional Information and Where to Find It
In connection with the proposed merger and related proposals that will be voted on at the Special Meeting, SACI has filed a definitive proxy statement, dated November 8, 2006, with the Securities and Exchange Commission which has been mailed to the stockholders of SACI who were stockholders as of the Record Date, October 24, 2006. SACI's stockholders are urged to read the proxy statement and other relevant materials as they become available as they will contain important information about the merger with Jamba Juice Company and the related proposals. SACI stockholders will be able to obtain a free copy of such filings at the Securities and Exchange Commission's internet site (http://www.sec.gov). Copies of such filings can also be obtained, without charge, by directing a request to SACI, 401 East Las Olas Boulevard, Suite 1140, Fort Lauderdale, Florida 33301.
SACI and its officers and directors may be deemed to have participated in the solicitation of proxies from SACI's stockholders in favor of the approval of the merger and related private placement financing. Information concerning SACI's directors and executive officers is set forth in the publicly filed documents of SACI. Stockholders may obtain more detailed information regarding the direct and indirect interests of SACI and its directors and executive officers in the acquisition and related private placement financing by reading the definitive proxy statement regarding the merger and private placement financing filed with the SEC on November 8, 2006.
Contact:
For SACI, Fort Lauderdale
Boardroom Communications, Inc.
Julie Silver, 954-370-8999
or
For Jamba Juice Company
Integrated Corporate Relations
Don Duffy, 203-682-8200
investors@jambajuice.com
http://biz.yahoo.com/bw/061108/20061108005754.html?.v=1
madtony
18年前
Demand for beverages bubbles up on U.S. heat wave
NEW YORK, Aug 3 (Reuters) - Soaring U.S. temperatures have been a boon for beverage companies that are seeing unprecedented demand for some of their specialty, more expensive, drinks -- especially bottled waters and sports drinks.
East Coast cities dimmed lights at landmarks, opened cooling centers and extended swimming pool hours this week to combat a deadly heat wave that sent temperature indexes climbing toward 115 F (46 C) -- making July one of the hottest months on record.
"Bottled water and sports drinks will disproportionately benefit from this protracted heat spell," said John Sicher, editor of newsletter Beverage Digest. "Last year there were capacity problems for some water and sports drinks ... and this summer given the heat even though there's greater capacity, it could still be an issue."
Sicher said PepsiCo Inc.'s (PEP.N: Quote, Profile, Research) Gatorade and Coca-Cola Co.'s (KO.N: Quote, Profile, Research) PowerAde had capacity issues last year.
Beverage companies, however, said they have sufficient supplies to meet the surge in demand.
"We had some near misses in 2005," said Cookie Rice, president of Coke bottler Ozarks Coca-Cola. "But this year the company began building inventory in the cold weather and so we haven't experienced any difficulty in obtaining PowerAde. Out-of-stock (items) are costly to both us and our customers."
Ken Sadowsky, president of Atlas Distributing, a Massachusetts-based distributor for Miller and Corona beer, Snapple drinks and Glaceau vitaminwater, said the heat wave has been a boon for business.
"The hot weather is making up for the bad, rainy spring that we had and it is having a positive impact on certain categories," he said.
Continued...
http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=urn:newsml:reuters.com:2...
madtony
19年前
SunOpta Extends Relationship with Jamba Juice
Wednesday April 5, 4:30 pm ET
TORONTO--(BUSINESS WIRE)--April 5, 2006--SunOpta Inc. (NASDAQ:STKL - News; TSX:SOY - News) announced today that the SunOpta Fruit Group has continued their business relationship to supply Jamba Juice Company with key processed fruit products supporting Jamba's continued growth. This contract represents a 20% increase over the prior crop year and is in line with the growth Jamba Juice has experienced in recent years. Jamba Juice is the category-defining leader in healthy blended beverages, juices and good for you snacks. Operating more than 500 stores in the United States, Jamba Juice's mission is to deliver nourishing quality fruits and vegetables, blended into delicious smoothies or juices, and to provide customers with healthy, nutritious, convenient and affordable meals or snacks.
Sergio Varela, President of the SunOpta Fruit Group commented that he is "delighted to extend the strong relationship that exists between the two companies. It is a pleasure to work with a company that shares our values and has the passion for delivering quality, great tasting healthy choices to its customers. We look forward to leveraging our worldwide sourcing capabilities to create opportunities to expand our product mix with Jamba Juice, and to help them face the challenges of rapidly growing their business."
About SunOpta Inc.
SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food markets. For the last seven consecutive years, SunOpta was included in Profit magazine's 'Profit 100' list of the 100 fastest growing companies in Canada. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector.
http://biz.yahoo.com/bw/060405/20060405005999.html?.v=1
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Tina
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